just number 1,2,3

1 REVIEW QUESTIONS What is income 2 Brietly explain revenue and gain 3 What are the important accounting assumptions or concepts that need to be considered whn recording or recognizing revenue? Briefly justify. 4 Briefly state the three main categories of incoms 5 Discuss the revenue recognition criteria for the three main categories of income 6 There are at least three commonly used points of revenue recognition Explain 7 What is the common paint for revenue recognition under sale of goods? 8 What is the common point for revenue recognition under rendering services 9 Discuss the three available methods to determine the stage of completion 10 in a situation where the outcome of the transaction cannot be estimated reliably, can we recognize revenue? Discuss 11 What is/are) the core principlels) of having MFRS 15-Revenue from Contracts with Customers 12 Discuss the steps involved in recognizing revenue under the new standard, MFRS 15 15